Berkshire Hathaway CEO Greg Abel identifies surging AI data center electricity demand as a major growth opportunity. Abel told CNBC that energy supply is the primary constraint for rapid AI expansion.
Data centers currently represent approximately 8% of Berkshire Hathaway Energy's power load in Iowa. The company plans to meet the increasing energy requirements of large-scale hyperscalers.
Abel requires tech clients to fund new energy infrastructure costs. This policy prevents rate increases for existing utility customers.
The strategy follows Berkshire’s recent $10 billion additional investment in Alphabet.